Keybanc Maintains Overweight Rating for Alkami Technology: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating on Alkami Technology (NASDAQ:ALKT) and increased its price target from $21.00 to $26.00. Alkami's shares are currently trading up 0.82% at $23.26. The new price target suggests a potential upside of 11.78%. Alkami provides cloud-based digital banking solutions with a proprietary, multi-tenant architecture.
January 08, 2024 | 5:00 pm
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POSITIVE IMPACT
Keybanc maintains Overweight rating on Alkami Technology and raises price target to $26, indicating a positive outlook on the stock.
The maintenance of an Overweight rating and an increase in the price target by a reputable analyst firm like Keybanc typically instills confidence in investors and can lead to a positive short-term impact on the stock price. The 11.78% potential upside from the current price level further underscores the bullish sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100